Statistics is a discipline that deals with the development, study, collection, manipulation, analysis, interpretation, and presentation of data. It is considered to be extremely interdisciplinary in nature as the use of statistics can be found and is applicable in all scientific fields of research. This process of developing and studying methods of new statistical advancement calls for great knowledge, understanding, and application of mathematical and computational tools. The study of statistics revolves around two fundamental concepts, which are uncertainty and probability. Uncertainty deals with the outcome that is yet to be determined. For example, predicting if there will be rain in the next few days. Probability deals with the attempt of trying to understand and control the outcome of the sources of variation in any situation. Statistics as a subject can be found being used in both scientific disciplines like physical and social sciences as well as in business, government, humanities, and manufacturing. Knowledge of statistics is very important because it is used in other disciplines like medicine, sociology, economics, natural sciences, and engineering.
Study Levels
The different study levels that are offered in this sub-discipline are:
Bachelors in Mathematics
Bachelors in Applied Mathematics and Statistics
B.Sc in Applied Statistics and Data Science
B.Sc Mathematics with Statistics
B.Sc Statistics
Bachelor of Statistics
B.Sc in Statistics and Data Science
Bachelor in Statistical Sciences
Bachelor in Economics and Statistics
BA in Statistics
Bachelors degree in Economics: Business Statistics and Analytics
M.Sc in Mathematical Statistics
Masters in Business Analytics
Masters in Applied Statistics
MS in Statistics
Masters in Applied Statistics with Network Analysis
Masters in Mathematics and Statistics
MS in Analytics
M.Sc Statistical Science for the Life and Behavioural Sciences
Masters in Economics and Data Analysis
Masters in Official Statistics and Social Economic Indicators
MPhil in Statistics
Ph.D. in Statistics
Specialisations
Statistics is a vast discipline and branches out into further specifications. The methods and study of statistics are used in various industries.
The different specialisations that can be found are:
Students can choose to specialize in areas like:
Applied Statistics for Industry
Environmental Statistics
Financial Statistics and the Statistics of Risk
Statistical Computing and Data Mining
Bioinformatics, Statistical Genetics, and Biostatistics
Econometrics
Statistical Inference
Survey Statistics
Statistics in Life Sciences
Chemometrics
Psychometrics
Statistical Physics
Employability
Statistics is that branch of mathematics that deals with the collection and interpretation of data. This is an important skill that is needed in almost every industry. There are career options for Statistics in the field of marketing, medicine, economics, biology, public health, sports, among others. We live in an increasingly data-driven world, that being said, being able to translate information collected into meaningful insights which in turn can be used by companies and organisations is a valuable skill to have. Therefore, this opens a plethora of career opportunities in this field.
^
- The various career choices include:
Clinical Laboratory Technician
Biological Supplier Manufacturing
Actuarial Analyst
Actuary
Civil Service Fast Streamer
Data Analyst
Data Scientist
Financial Risk Analyst
Investment Analyst
Market Researcher
Operational Researcher
Statistician
Biostatistician
Mathematician
^
- The various career choices include:
Clinical Laboratory Technician
Biological Supplier Manufacturing
Actuarial Analyst
Actuary
Civil Service Fast Streamer
Data Analyst
Data Scientist
Financial Risk Analyst
Investment Analyst
Market Researcher
Operational Researcher
Statistician
Biostatistician
Mathematician